If you are the type buyer that only looks at Salt Lake Homes on the Market 6 Months or More, then your not as lucky as home buyers in other parts of the country.
According to the recent Realtors® Confidence Index, the percentage of homes listed across the U.S, and on the market for six months or more has increased to 29 percent—up from recent experience but still somewhat lower than earlier this year.
- In comparison, a total of 71 percent of homes currently for sale have been on the market less than six months, and 34 percent have been on the market for 2 months or less.
In Salt Lake County though, that number is considerably less. Of the 4,597 homes listed for sale in Salt Lake County, only 784 have been on the market more than 6 months. That means that those home buyers and investors that think that you get the best buy on a house that has been listed a very long time, are overlooking over 80 percent of the available homes on the MLS. That’s right, only 17% of the available houses & condos listed for sale in Salt Lake have been on the market 6 months or more. Only Six per cent of all the listed houses & condos in S.L. have been there a year or more.
These home buyers may have missed some pretty nice deals.
Wonder where most of these problem homes are? Want to know where to start looking? They are all over the Valley. Two hundred forty are in Downtown Salt Lake City. West Jordan has the next highest number of homes on the market longer than 6 months with 83, followed by Sandy at 65 South Jordan at 49 and West Valley City with 46. Generally, these are the areas that you would expect. No surprises here. The surprises are in Bluffdale & Midvale UT. Bluffdale because so few homes have been listed for over 6 months (5) and Midvale UT, because in such a small market so many houses take a long time to sell (45).
Foreclosures and foreclosed homes in Salt Lake don’t show up usually has having been on the market for a long time.
Foreclosures usually don’t show up as having been listed a long time, and the good ones don’t last long once they are listed. You can be sure to see all of the Salt Lake Foreclosed homes on our website.
To search for houses and condos that have been listed a long time, you can click on short sales in SLC, or just log in to the city you are interested and check homes by DOM, selecting the number of days back you are interested in.
Or you can give us a call @ 801-567-0946 and ask is about Salt Lake Homes on The Market 6 Months or More.